Skip to comments.
Obama to open ‘fiscal cliff’ talks with call for $1.6 Trillion in new revenues
The Hill ^
| 11/14/2012
| Daniel Strauss
Posted on 11/14/2012 9:19:01 AM PST by mojito
click here to read article
Navigation: use the links below to view more comments.
first previous 1-20, 21-40, 41-48 next last
To: mojito
Triangulation Obama style: He offers Left, I counter-offer right, he demands farther Left than before. I’ve seen this behavior somewhere else, but I can’t put my finger on it...
21
posted on
11/14/2012 10:01:56 AM PST
by
Cyber Liberty
(Obama considers the Third World morally superior to the United States.)
To: arkfreepdom
Reagan wasnt nearly as conservative on spending as people give him credit for. Check the graph Agreed. But you have to consider the Congress with which he had to deal. Could you imagine the spending if it was either Bush with Reagan's Congress?
Reagan was the last President that looked at government in the way our Founders did -- as a necessary evil.
22
posted on
11/14/2012 10:02:45 AM PST
by
sand88
To: unixfox
Let the Bush tax cuts expire. Perid. Then call it a tax increase on the rich.
When Obama starts yakking about how the poor will be affected by this, remind him that he ran on the Bush tax cuts benefitting the rich. Now that the cuts are gone, remind us once again why the poor will be affected?
23
posted on
11/14/2012 10:03:07 AM PST
by
EQAndyBuzz
(The goal is to equalize outcomes based on race without regard for performance or merit.)
To: arkfreepdom
Reagan wasnt nearly as conservative on spending as people give him credit for.
1) He had to rebuild the military from the Carter years 2) He was trying to win the Cold War 3) He had to keep Tip O'Neill placated or he was not going to accomplish anything.
To: Personal Responsibility
So we are headed for a fiscal cliff and Obamas answer is SPEND MORE. In what world does that make sense????
In Paul Krugman columns and Robert B. Reichhhhh's blog
To: mojito
Keep in mind that 1.6T in tax increases over the next 120 months will fund less than 6 months of the fiscal year 2013 budget deficit.
And a loaf of bread is going to cost more than US$15.
To: unixfox
"Never go full retard."
27
posted on
11/14/2012 10:16:07 AM PST
by
EEGator
To: mojito
There just may be a little thing called a mideast war to deal with soon.
To: arkfreepdom
It is going to be a perverse pleasure watching this ponzy scheme collapse. I so agree.
29
posted on
11/14/2012 10:25:43 AM PST
by
riri
(Plannedopolis-look it up. It's how the elites plan for US to live.)
To: I want the USA back
Watch how many times he mentions “investments”.
To: mojito
This is all very simple.
Don't raise the debt ceiling in February when we run out of money to borrow.
Instant cap on debt; deficit stops in its tracks. Gov’t forced to live within about $2.4trillion a year in revenues. Done.
Sure, there will be some pain, but as Ed Koch says: They made their choice... now let them suffer.
To: mojito
$1.6 Trillion over 10 years = $160 billion / year. With $16 Trillion in CURRENT debt it would take us 100 years to pay off the debt. Since we will be adding at least $1 trillion every year this will result in us only having $24 Trillion in debt by 2023 (assuming nothing else changes).
It’s just math...
32
posted on
11/14/2012 10:44:46 AM PST
by
Wyatt's Torch
(I can explain it to you. I can't understand it for you.)
To: mojito
Expect to see show trials of executives, seizing of companies, and lots of pain.
33
posted on
11/14/2012 10:45:40 AM PST
by
redgolum
("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
To: sand88
I miss Eisenhower. Under his eight years he understood the WW2 debt must be paid down first and the US needed rest to transition from war production to peace production. Under his admin he kept US out of major wars, kept gov spending including defense to a minimum as our WW2 debt was paid down as the US transition to peacetime manufacturing and consumption. The only major fed program was building our interstate highways which kept many Americans vets employed as industry needed time to transition completely from war to peace and create jobs for the last vestige of demoblilized soldiers who came home from war and occupation duties in Europe, and Japan. it was Eisenhower’s boring admin that paid down the WW2 debt that laid the strong financial foundation for JFK and the 1960’s.
34
posted on
11/14/2012 10:52:43 AM PST
by
Fee
To: redgolum
Expect to see show trials of executives, seizing of companies, and lots of pain. Ayn Rand, please pick up the white courtesy phone.
35
posted on
11/14/2012 11:43:55 AM PST
by
kosciusko51
(Enough of "Who is John Galt?" Who is Patrick Henry?)
To: mojito; ding_dong_daddy_from_dumas; DoughtyOne; Gilbo_3; Impy; stephenjohnbanker; NFHale; ...
RE :”
President Obama is taking a tough opening stance in talks over deficit reduction, pushing Republicans to accept a plan that calls for $1.6 trillion in new tax revenue over the next ten years, according to reports.
The figure is double the $800 billion last discussed by the White House and House Speaker Boehner (R-Ohio) during their 2011 negotiations on raising the debt-ceiling limit.”
.....
House Republicans on Wednesday were incredulous at the president's opening bid.
“That is so 2009. It's like he is still in charge of this place,” said Rep. Tim Huelskamp (R-Kan.), referring to the last time Democrats had a majority in the House.
.....
On Tuesday the president met privately with a number of union leaders and liberal activists to discuss his plan. In the meeting Obama reportedly promised to make good on his vow to renew low tax rates for the middle class and let them expire for wealthy households.
.....
GOP lawmakers insist that the White House include entitlement reform and spending cuts as part of any deficit package, but Obama has said he will only compromise if the deal includes higher taxes on the wealthy.”
I just assume they do nothing. This just p...es me off. Look, America (swing states and blue states) voted for food stamps over jobs because Obama cares more for the middle class.
If they vote for cake let them eat cake.
36
posted on
11/14/2012 11:46:12 AM PST
by
sickoflibs
(How long before cry-Bohner caves to O again? They took the House for what?)
To: sickoflibs; mojito; ding_dong_daddy_from_dumas; DoughtyOne; Gilbo_3; Impy; stephenjohnbanker; ...
” If they vote for cake let them eat cake. “
I paid for my own cake, and don’t wish to pay for theirs.
37
posted on
11/14/2012 11:51:31 AM PST
by
stephenjohnbanker
((God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.))
To: Wyatt's Torch
At some point in the near future - damned sooner than you may think - a lot of people are going to figure out that almost no one in Washington, D.C ever had any intention of paying off our debt.
38
posted on
11/14/2012 11:53:17 AM PST
by
andy58-in-nh
(Cogito, ergo armatum sum.)
To: stephenjohnbanker
What if Bohner caves and raises your taxes further to pay for more handouts to his voters? Or past ones?
Wouldnt it be better just to raise taxes on them too?
39
posted on
11/14/2012 12:55:19 PM PST
by
sickoflibs
(How long before cry-Bohner caves to O again? They took the House for what?)
To: mojito
There isn’t that much to GET in new revenues. Moron.
Navigation: use the links below to view more comments.
first previous 1-20, 21-40, 41-48 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson